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“Employers reported their total 2022 base pay increase budgets at 3.8%, but our data showed a 6.7% increase in base pay for hourly employees staying in the same job at the same organization from 2021 to 2022.

Editor’s Note: Additional Content For more information and resources related to this article, see the pages below, which offer quick access to all WorldatWork content on these topics: ;Total Rewards; ;Finance and Budgeting; ;Sales Compensation;

Rewards; ;Workforce Engagement; #1 Total Rewards & Comp Newsletter Subscribe to Workspan Weekly and always get the latest news on compensation and Total Rewards delivered directly to you.

For WorldatWork Members ;TR Is Key to Successfully Integrating AI and Work , Journal of Total Rewards article; ;AI Copilots: Improving the HR Experience for Employees , Journal of Total Rewards article; ;Internal Talent Marketplaces Get a Boost from AI , Workspan Magazine article; ;Mini-Study: AI in Total Rewards , research; Finding top talent can be a pain point for many employers these days, so exploring how generative artificial intelligence (AI) can aid in the recruitment process is a natural step.

For WorldatWork Members Considerations to Manage the Costs of GLP-1 Coverage , Workspan Daily Plus+ article;Total Rewards Inventory of Programs & Practices , research;Total Rewards Inventory Checklist , tool;Five Emerging Workplace Trends Affecting the Employee Experience , Journal of Total Rewards article; The decision to cover glucagon-like peptide-1 (GLP-1) drugs, such as Ozempic and Wegovy, on a group health plan is a complex one.

For WorldatWork Members Getting Benefits Enrollment Right: Big Trends Spark Fresh Strategies , Workspan Magazine article;Total Rewards Inventory Checklist , tool;Total Rewards Inventory of Programs & Practices , research; More than half of workers end up regretting their open enrollment decisions, according to a recent survey from financial services firm Equitable, leading to dissatisfaction, health and financial challenges, reduced productivity, and a weakened employee value proposition .

Editor’s Note: Additional Content For more information and resources related to this article, see the pages below, which offer quick access to all WorldatWork content on these topics: ;Employee Benefits; ;Employee Compensation; ;Organizational Performance; ;Total Rewards; #1 Total Rewards & Comp Newsletter Subscribe to Workspan Weekly and always get the latest news on compensation and Total Rewards delivered directly to you.

For WorldatWork Members Getting Benefits Enrollment Right: Big Trends Spark Fresh Strategies , Workspan Magazine article;Total Rewards Inventory Checklist , tool;Total Rewards Inventory of Programs & Practices , research; Various surveys have reported for years that many employees regret their group health plan open enrollment (OE) choices, either because they incorrectly selected for what the year ahead would bring, didn’t understand what they were electing or forgot to elect entirely.

“The beauty of a dashboard is that it’s simplified, easy to digest and should be able to be interpreted on its own,” Shebel said.; Editor’s Note: Additional Content For more information and resources related to this article, see the pages below, which offer quick access to all WorldatWork content on these topics: ;Employee Benefits; ;Finance and Budgeting; ;Total Rewards; ;Well-Being; #1 Total Rewards & Comp Newsletter Subscribe to Workspan Weekly and always get the latest news on compensation and Total Rewards delivered directly to you.

Workspan Daily Plus+ article; ;Address Gen Z Struggles with Targeted Mental Health Benefit , Workspan Daily Plus+ article; ;How Total Rewards and Career Development Go Hand in Hand , Workspan Daily Plus+ article; As another wave of new college graduates seeks full-time employment, they generally have hopes and expectations for what their new employer may offer.